Suggested by John Ehlers , IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators. The 2 IFT based indicators in this chart are: - Inverse Fisher on RSI (IFTRSI) - Inverse Fisher on MFI (IFTMFI) Suggested method to use any IFT indicator is to buy when the indicator crosses over –0.5 or crosses over +0.5 if it has not...
The Darvas box theory is based on the work of Nicolas Darvas, author of the book "How I Made $2 Million in the Stock Market". This indicator uses his box theory to help visualize upward trends and find potential opportunities to buy or add to a position. Darvas was a growth stock trader. After extensive study of historical stock movements, Darvas noted stocks...
Love volume analysis but it's hard for you to implement a simple strategy by it? Use OBV. Is OBV still not quite as it should be for you to get it in your trading system? Use OBV Oscillator. Does OBV Oscillator give you too many false signals and when you smooth it, it lags by a ton? Then this indicator is the answer to your problem. Introducing the...
This is the follow up to SB Master Chart. This is a subscription only indicator. SB Master Chart was designed with a minimalist appearance, but is able to provide a trader with all the information he needs at a glance to make informed trading decisions. This chart utilizes the alert() function so the trader can be alerted even while away from a computer to a...
Volume weighted average price Multi Timeframe Description: Vwaps in 3 different types of time: Daily, weekly and monthly This indicator has a built-in option that paints the price bars if they are above or below the daily vwap. Features: 1 - Add or remove timeframe (unchecking colors). 2 - Edit the colors according to the price crossing up or down each vwap. 3 -...
Distribution days is a term related to distribution stock in the sense that heavy institutional selling of shares is taking place. A distribution day, technically speaking, occurs when major market indexes fall 0.2% or more on volume that is higher than the previous trading day. A follow-through day occurs during a market correction when a major index closes 1%...
Volume Flow This is an indicator script based on Calculate the trading volume through the moving average series of indicators. If the long position moving average exceeds the volume moving average, it is considered a strong long signal, if the short position moving average exceeds the volume moving average, it is considered a strong short signal.
Buying/selling pressure Green bar for buying pressure, calculated by multiply Volume change and the increasing of price Red bar for selling pressure, calculated by multiply Volume change and the decreasing of price White bar is the subtract of Green bar and Red bar, which is calculated how strong of buying or selling in the market at the current timeframe. The...
This indicator displays volume as a pump wave. Can be useful for chart analysis and easy detection of anomalies/trends.
This strategy uses RMA, Moving Average used in RSI , to create the buy and sell signals. It is the exponentially weighted moving average with alpha = 1/length. IT SHOWS ON THE GRAPH: Buy: Long position. Sell: Short position. V ⇣: Institutional volume . V ⇡: Institutional volume . T ⇣: Downtrend. T ⇡: Uptrend. Volume (V ⇣/V ⇡) when Market Makers...
This code shows expected reaction target prices after sudden moving based on RSI. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the...
Because the big Bitcoin crash I have been looking a lot at high timeframe metrics. I never spent much time learning POC so I decided to create a little script for determining these on higher timeframes. Currently included: Monthly, 3 months and 6 months. /* DEFINITION */ Point Of Control (= POC) is a price level at which the heaviest volumes were traded. Value...
This indicator shows the trend of the market. The middle line is the 200-day moving average because it shows the long term trend of the market. However, since the market does give fake signals of going up and down through the 200-day moving average, I had to put a band on it to push through the fake signals. The first band around the middle line is 1 standard...
Alright, as per usual with these, I end up adapting an existing indicator to what I want to accomplish. So this is based off the built in VWAP indicator. I added in the gummy worm to easily identify the trend, as well as the related bands to identify potential areas to either reverse position or to trim an existing one. The middle part of the bands are the gummy...
Purpose: ----------- To provide VWAPs anchored on the high and low pivots. I have seen scripts which anchor VWAP on a session or time frame or indeed a time, but not yet one that anchors on pivot points. Value: -------- As many have stated, price action tends toward VWAPs. I named the VWAPs anchored on high pivots the Selling VWAP, representing the volume...
Relative Volume Table in percent. So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected. 1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY. 2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly...
█ OVERVIEW When it comes to tracking your performance when scalping, you are either going to design an automatic algorithm or that you might just want to go with the flow record your performance on a spread sheet. We all know how boring and time consuming that as. I initially designed this easy and simple script for myself, because I wanted to focus on scalping...